09 Jan '18, 11pm

#lvt

In the uncertain post-Brexit landscape, commentators and politicians alike have begun to bandy around ideas of adopting what has been termed a ‘Singapore Model’ , something which is simplistically seen as a combination of deregulation, free trade and low taxation. What most commentators miss, however, is the centrality of land value capture to Singapore’s success. In little over 50 years since independence from the United Kingdom, Singapore has become one of the richest countries in the world on a GDP per capita basis, while also managing to house more than 80% of its population in high-quality owner-occupied public housing , served by a comprehensive rapid transit network . Much of the infrastructure central to Singapore’s success has been funded through land value capture, which in Singapore is operationalised through taxation of development uplift and the sale of land t...

Full article: http://www.rtpi.org.uk/briefing-room/rtpi-blog/lessons-fr...

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